Tariff talk hits harder, but is the bark worse than the bite?
Wednesday 20th June 2018
Equities, currencies, bonds and commodities all reacted to more rhetoric from President Trump about Chinese tariffs. He’s promising another $200 billion worth and, if China responds, he’ll heap on another $200 billion worth. But, as NAB’s Gavin Friend discusses, the impact could have been sharper. There hasn’t been a mad-rush for safe heavens suggesting many believe the Trump bark might be worse than the bite. We’ll see.
Tariff talk hits harder, but is the bark worse than the bite?
Wednesday 20th June 2018
Equities, currencies, bonds and commodities all reacted to more rhetoric from President Trump about Chinese tariffs. He’s promising another $200 billion worth and, if China responds, he’ll heap on another $200 billion worth. But, as NAB’s Gavin Friend discusses, the impact could have been sharper. There hasn’t been a mad-rush for safe heavens suggesting many believe the Trump bark might be worse than the bite. We’ll see.